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Growing Science » Journal of Project Management » Project portfolio selection of banking services using COPRAS and Fuzzy-TOPSIS

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Journal of Project Management

ISSN 2371-8374 (Online) - ISSN 2371-8366 (Print)
Quarterly Publication
Volume 2 Issue 2 pp. 51-62 , 2017

Project portfolio selection of banking services using COPRAS and Fuzzy-TOPSIS Pages 51-62 Right click to download the paper Download PDF

Authors: C.O. Anyaeche, D.E. Ighravwe, T.A. Asokeji

DOI: 10.5267/j.jpm.2017.6.004

Keywords: Multi-criteria decision-making, project portfolio selection, Fuzzy-TOPSIS, COPRAS, Banking system

Abstract: Portfolio selection is a business process which has helped organisations identify an area of com-petitive advantage and it is a major concern to industrial players in the banking sectors. In order to enhance bank portfolio selection, cost, profitability, time and location are important parameters that decision-makers often consider. This study implements a fuzzy-TOPSIS (Technique for Or-der Preference by Similarity to Ideal Solution) framework to evaluate three potential portfolios (automated teller machine gallery, quick service point and branch) for a bank using the infor-mation from three decision-makers. An illustrative example of real bank information is used to demonstrate the proposed framework applicability. The complex proportional assessment of al-ternatives (COPRAS) method is also used as an evaluation technique and the results are com-pared, which yields that the results from the ranking order of fuzzy-TOPSIS and COPRAS were different. However, there is a consistency between the aggregation of intuition-based, fuzzy-TOPSIS and COPRAS ranks and fuzzy-TOPSIS ranking results. The presented framework is an easy-to-apply tool that improves portfolio selection decision in the banking system.

How to cite this paper
Anyaeche, C., Ighravwe, D & Asokeji, T. (2017). Project portfolio selection of banking services using COPRAS and Fuzzy-TOPSIS.Journal of Project Management, 2(2), 51-62.

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Journal: Journal of Project Management | Year: 2017 | Volume: 2 | Issue: 2 | Views: 2313 | Reviews: 0

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